Walt Disney is showing solid results. What's next?
The Walt Disney Company pleasantly surprised investors with a robust quarterly report. Its CEO, Robert Iger, is pursuing an effective cost-cutting strategy. The company is considering the initiation of shareholder dividends and the launch of new projects by the end of 2023. The developmental crisis seems to has been successfully overcome.
Therefore, today, our focus is on the Walt Disney Company (NYSE: DIS) stock chart.
On the D1 timeframe, support has solidified at 83.95, with resistance at 91.21. Additionally, the "triple bottom" pattern suggests a reversal from a downward to an upward trajectory.
Examining the H1 timeframe, if the asset's upward trend persists, a short-term target for a price increase might be around 96.57. In the medium term, the target for a price increase could hover around 103.97.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Therefore, today, our focus is on the Walt Disney Company (NYSE: DIS) stock chart.
On the D1 timeframe, support has solidified at 83.95, with resistance at 91.21. Additionally, the "triple bottom" pattern suggests a reversal from a downward to an upward trajectory.
Examining the H1 timeframe, if the asset's upward trend persists, a short-term target for a price increase might be around 96.57. In the medium term, the target for a price increase could hover around 103.97.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67.85% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.